HIALEAH GARDENS, FLA. – Walmart has opened a new 41,000-square-foot Walmart Neighborhood Market at 11800 Hialeah Gardens Blvd. in Hialeah Gardens. Walmart’s first Neighborhood Market opened in 1998 and there are approximately 200 stores nationwide today. The location in Hialeah Gardens is open 24 hours, 7 days a week. The store also offers Site-to-Store, a free service that allows customers to ship online orders free to any Walmart store for pickup.
Southeast
WILMINGTON ISLAND, GA., AND MYRTLE BEACH, S.C. – Strategic Storage Trust, Inc. (SSTI), a publicly registered non-traded REIT investing in self storage, has acquired two properties in Georgia and South Carolina consisting of approximately 1,050 self storage units for a total of $11.4 million. The sites add approximately 142,690 square feet to SSTI’s rental storage space and will be rebranded under the SmartStop Self Storage name. The acquisitions are Phase II of a three-phase acquisition of a 16-property portfolio that contains more than 1.1 million square feet and approximately 8,560 self storage units in South Carolina, Florida and Georgia. These two properties include 570 units at 4777 Highway 80 in East Wilmington Island and 480 units at 3015 Ricks Industrial Park Dr. in Myrtle Beach.
MONTGOMERY, ALA. – An 843,715-square-foot industrial building on 78 acres in Montgomery’s Westport Industrial Park has sold to HRE Montgomery 2, LLC, which will redevelop and offer space for lease in the property. Located at 4919 Westport Blvd., it is situated just off U.S. Highway 80 between Interstate 65 and the Montgomery Regional Airport. David Barber and Dan Stubbs of Binswanger’s Atlanta office represented the seller, KBT AL LLC.
MCLEAN, VA. — Dulles Landing Shopping Center, located at Route 50 and Loudon County Parkway in McLean, is officially under construction and is expected to open to the public in fall 2013. The Beatty Companies of McLean are developing the retail property and Perkowitz & Ruth is designing it. Walmart will anchor the center. Other tenants will include PetSmart, Famous Footwear, Five Below, Hour Eyes and Sleepy’s. When completed, Dulles Landing will encompass 600,000 square feet.
ROSWELL, GA. — The 81,159-square-foot, Publix-anchored Village Walk, located at 270 Rucker Rd. in Roswell, has sold for $20.4 million. The retail center was built in 2005 and redeveloped 3 years ago. It was 95.3 percent occupied at the time of the sale. Tenants of Village Walk include Chase Bank, Shane’s Rib Shack, Anytime Fitness, Dentistry for Children and Chin Chin Chinese restaurant. The Knoll-Hillis team at Newmark Grubb Knight Frank Capital Group in Atlanta represented the seller, while the Prudential Variable Contract Real Property Partnership purchased the shopping center.
PARKERSBURG, W. VA. — Beech Street Capital has provided a $10.2 million HUD 232/223(f) loan to refinance Worthington Nursing & Rehabilitation Center, a 105-bed skilled nursing facility in Parkersburg. The property is located in northwest West Virginia and has access to U.S. Highway 50 and Interstate 77. The transaction was originated by Joshua Rosen of Beech Street Capital in the company’s Chicago office.
CELEBRATION, FLA. — Shelton Granade, Luck Wickham and Justin Basquill of CBRE’s Orlando office have represented the seller in the sale of a multi-housing development site in Celebration. An upscale community is planned and it will be the first multi-housing rental community built in Celebration since 2002.
ATLANTA — Cortland Partners has sold two multifamily communities, Woodridge Townhomes and Clifton Ridge Townhomes, in separate transactions in the Atlanta area. Both townhome properties were rehabilitated, rebranded and sold by Cortland within 2 years of Cortland originally purchasing each property. They sold for a combined $11.9 million. Cortland’s Mike Altman led the transactions.
ATLANTA — Cortland Partners has sold two multifamily communities, Woodridge Townhomes and Clifton Ridge Townhomes, in separate transactions in the Atlanta area. Both townhome properties were rehabilitated, rebranded and sold by Cortland within 2 years of Cortland originally purchasing each property. They sold for a combined $11.9 million. Cortland’s Mike Altman led the transactions.
ATLANTA, JACKSONVILLE, FLA., AND RALEIGH, N.C. — Buffalo, N.Y.-based Sovran Self Storage, Inc. (NYSE: SSS), a self-storage real estate investment trust (REIT), has acquired nine self storage facilities, including eight in the Southeast, for a combined price of $54.7 million. Sovran purchased four facilities in Atlanta, three in Jacksonville and one in Raleigh as well as one in Chicago. The portfolio totals more than 770,000 square feet of self-storage space. Each of the nine facilities will be rebranded under the Uncle Bob’s Self Storage name. Sovran operates 443 self-storage facilities in 25 states under that name.